The Sherwin-Williams Company (NYSE:SHW) finished Wednesday with a subtraction of -$1.3 to close at $271.51, a downside of -0.48 percent. An average of 1,239,920 shares of common stock have been traded in the last five days. There was a fall of -$6.17 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 1,636,510 shares traded, while the 50-day average volume stands at 1,444,804.
SHW stock has increased by 3.88% in the last month. The company shares reached their 1-month lowest point of $255.21 on 07/10/23. With the stock rallying to its 52-week high on 07/27/23, shares of the company touched a low of $195.24 and a high of $283.80 in 52 weeks. It has reached a new high 16 times so far this year and achieved 14.40% or $34.18 in price. In spite of this, the price is down -4.33% from the 52-week high.
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Insider Transactions
SHW stock investors should be aware that The Sherwin-Williams Company (SHW) stock had its last reported insider trading activity 168 days ago on Feb 23.
Valuation Metrics
The Sherwin-Williams Company (SHW) has a trailing price-to-earnings (P/E) ratio of 30.13. The stock’s beta is 1.10. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.04, the price-to-book (PB) ratio at 19.15, and the price-to-cash flow ratio at 61.94.
Financial Health
The quick ratio of The Sherwin-Williams Company for the recent quarter was 0.60, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.50 and a total debt to equity ratio of 2.86 for the recent quarter. The Sherwin-Williams Company’s EBITDA margin is 18.27%, while its operating margin for the same period stands at 13.10%. Its gross profit as reported stood at $9.33 billion compared to revenue of $22.15 billion.
Earnings Surprise
For the recent quarter, The Sherwin-Williams Company had $9.1 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $793.7 million in the quarter, while revenues of $477.4 million were grew 27.19%. Shareholders own equity worth $257.15 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at The Sherwin-Williams Company (SHW) price momentum. RSI 9-day as of the close on 09 August was 48.13%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.10%.
As of today, SHW’s price is $273.09 -2.22% or -$6.17 from its 5-day moving average. SHW is currently trading +3.15% higher than its 20-day SMA and +23.22% higher than its 100-day SMA. However, the stock’s current price level is +18.49% above the SMA50 and +34.93% above the SMA200.
The stochastic %K and %D were 50.55% and 52.83%, respectively, and the average true range (ATR) was 5.23. With the 14-day stochastic at 44.35% and the average true range at 5.28, the RSI (14) stands at 54.57%. The stock has reached -2.67 on the 9-day MACD Oscillator while the 14-day reading was at -2.16.
Analyst Ratings
BMO Capital Markets upgraded The Sherwin-Williams Company (NYSE: SHW) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Market perform. The consensus rating for The Sherwin-Williams Company (SHW) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell SHW, while 13 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 14 others rate it as a “buy”.
What is SHW’s price target for the next 12 months?
Analysts predict a range of price targets between $224.00 and $330.00, with a median target of $300.00. Taking a look at these predictions, the average price target given by analysts for The Sherwin-Williams Company (SHW) stock is $299.58.
